Budget and Finance
Congressman Lieu at a recent Budget Committee Hearing
“In California—the eighth largest economy in the world—we put our fiscal house in order by investing in core priorities instead of giving tax breaks to the ultra-wealthy. I look forward to working with my colleagues on both sides of the aisle to set national budget policy that raises the wages of the middle class; protects Medicare and Social Security, and invests in infrastructure, education, and innovation.”
More on Budget and Finance
An inspector general is looking into Treasury Secretary Steven T. Mnuchin’s request for a U.S. military plane for his European honeymoon in August, triggering new questions about his use of government aircraft following a controversial trip with his wife to Kentucky during the solar eclipse.
FOR IMMEDIATE RELEASE: September 6, 2017
House GOP leaders won’t be allowing votes this week on Democratic proposals to prevent taxpayer funds from benefiting businesses owned by President Trump.
Multiple Democrats had filed amendments to a government spending package set to be considered on the House floor this week to ensure the president is not personally enriched by the federal government.
FOR IMMEDIATE RELEASE
Washington – Today, Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement after joining the bipartisan Congressional Digital Trade Caucus as a founding Member.
A new bill that a Democratic senator introduced would put the financial burden on President Donald Trump for his frequent visits to his own properties.
A Torrance congressman wants to require President Trump to reimburse taxpayers for any public funds spent on travel to hotels or other properties that he owns.
President Donald Trump could be forced to pay for his trips to Mar-a-Lago and refund travel costs already spent on such weekend jaunts in a new bill introduced by a Democrat lawmaker.
California Rep. Ted Lieu shared details of the bill, which would require Trump to pay back the government for money it has spent covering trips taken by the president to properties he owns—including to the so-called winter White House.
Recently, hackers managed to drain bank accounts across Germany. They did so not by hacking the banks themselves, but by exploiting a long-known flaw in a global telephony protocol known as Signaling System 7. It’s the kind of attack that researchers have warned about for years—and may finally be the one the gets the telecom industry to clean up its giant SS7 mess.
There's a major vulnerability in the way phone networks talk to each other - and hackers have used it to drain victims' bank accounts.
What's more: The issue has been known about for years, and public demonstrations have highlighted the issue, but nothing had been done about it.
It was designed as a security measure to increase protection of internet users across the globe.
But hackers have used a well-known security vulnerability in worldwide mobile telecoms networks to steal access codes to online bank accounts.
The exploit could be used against any bank that uses two-step login verification, as well as high-profile websites like Facebook, Google and many others.